SCHEDULE: Truist Financial Reports 5.05% Stake in Calamos ETF Trust

Truist Financial Corporation, through its advisory services, has reported a 5.05% beneficial ownership in Calamos ETF Trust as of September 30, 2025.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for Truist Advisory Services, Inc., reported beneficial ownership in Calamos ETF Trust.
• The filing, an Amendment No. 2 to Schedule 13G, indicates a 5.05% stake in the Exchange Traded Fund.
• Truist beneficially owns 35,324 shares of the Calamos ETF Trust.
• Truist Financial Corporation is a North Carolina Corporation, and Truist Advisory Services, Inc. is a Delaware Corporation.
• The shares are held with sole dispositive power for all 35,324 shares, with no sole or shared voting power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership and does not contain information that would significantly alter the perceived sentiment towards the issuer or the reporting entity.

Positives

• Confirms significant institutional interest in Calamos ETF Trust from Truist Financial Corporation.
• Indicates a stable, passive investment by a major financial institution.

Negatives

• No specific negatives are identified in this routine beneficial ownership disclosure.

Risks

• No specific risks related to the issuer or the investment are detailed in this beneficial ownership filing.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding future performance or strategic direction.

Management Comments

• The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

This filing reflects a common practice where large financial institutions, through their advisory arms, hold passive stakes in various Exchange Traded Funds (ETFs) as part of their investment strategies for clients. It indicates continued institutional confidence in the ETF market and specific funds like Calamos ETF Trust.

Comparison to Industry Standards

• A 5.05% stake is a significant but passive position for an institutional investor in an ETF, aligning with typical portfolio diversification strategies rather than activist intent.
• The disclosure adheres to SEC regulations for reporting beneficial ownership exceeding 5%, which is standard practice across the financial industry for transparency.

Stakeholder Impact

• Shareholders of Calamos ETF Trust may view this as a positive signal of institutional confidence in the fund.
• For Truist Financial Corporation's clients, it reflects the investment strategies employed by Truist Advisory Services, Inc.

Next Steps

• This filing does not mention any specific future actions, events, or milestones for either the issuer or the reporting person beyond routine regulatory compliance.

Key Dates

Recommendation

The filing is a routine disclosure of beneficial ownership by an institutional investor and does not contain new information that would alter an investment thesis for Calamos ETF Trust. It confirms a passive stake, which is not typically a catalyst for significant price movement.

Keywords

Truist Financial, Calamos ETF Trust, Schedule 13G, Beneficial Ownership, Exchange Traded Fund, ETF, Institutional Investment, Financial Reporting, SEC Filing